1. Home
  2.  |  
  3. News Capsule  |  

Kumar Mangalam Birla Resigned from the Reserve Bank of India’s Central Board

Jul 24, 2013 12:53 IST

Kumar MangalamThe Chairman of Aditya Birla Nuvo, Kumar Mangalam Birla resigned from the Reserve Bank of India’s Central Board on 23 July 2013. The resignation is said to avoid the conflicts because Aditya Birla Nuvo applied for the bank license to RBI. Aditya Birla Nuvo is one of the 26 firms which have applied for bank licenses with RBI.

Kumar Mangalam Birla has remained on the central board of RBI from past six years. It is important to note that Kumar Mangalam Birla was also nominated as the member of the Directors of the Central Board of the RBI in 2006.

The Reserve Bank of India will be granting new bank licenses by March 2014. India, at present has 26 public sector banks, 22 private sector banks and 56 regional rural banks.

Is this article important for exams ? Yes59 People Agreed

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK